Thu, Jan 10, 2019
Talks of a merger between Bandhan Bank and Gruh Finance has been for quite some time now, but it was on January 07 when an official announcement was made.
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Mon, Jan 07, 2019
The Bandhan-Gruh merger will result in HDFC’s shareholding falling to around 15.44% in Gruh Finance and Bandhan Financial’s shareholding will come down to around 60.27% in its bank
Bandhan Bank will acquire NBFC Gruh Finance in a share swap deal, the private lender has said. The board of directors of both the companies approved the merger on Monday.
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